A few possible scenarios.
I do like the idea for the Gartley Pattern move since it bounced at the 618 level and bounced to the 886...so far the criteria is met. Bouncing in the mid 3300s would be key to confirm
Long term I'd like to see a move lower but swing trading both ways as the chart dictates.
Disclaimer: I am not a financial advisor and this is not...
Looks like this needs a breather. Nicely exited well above present resistance. Short for now. But re-buying when it makes sense.
DISCLAIMER: I am not a financial advisor and this should not be taken as financial advice.
Vibe's is well within the apex now.
Direction should be clear within hours...48 hours max.
Picking up some with a stop loss at 10% which would indicate a downward break of the wedge. Usually I won't use such a big stop...but risk reward potential is high at this support line.
Having a look at $poe to find an efficient long re-entry. Buyers don't seem too enthusiastic but up over 30% by shorting so will be able to buy a lot more when it comes time to hold for a long.
Disclaimer: this is not financial advice. DO your own research.
There isn't too much data in terms of time but this is what Nucleus Vision looks like to me at the moment. Seems like a potential game changer for retail. Check out the white paper and youtube videos.If it doesn't break out, I'll just scalp it as usual to build a nice position when when the long is in play.
Time to watch major supports with Poet as well. It's times like now that there's enough blood on the streets that longs look sensible to me instead of just scalping. Not automatic at just any support with price action as it can still go lower. I'll be paying keen attention to price action, volume, RSI, etc. For one, there's been a healthy, SENSIBLE correction....
I'm liking Verge a little from a long term perspective. I have my scalp entries, and then I have my long position entries. I haven't bought anything yet but I'll be stacking some LONG entries around.
Reasoning? it's approaching a key Fib level ( .786 ) as well as "moderately" descending wedge.I'll let price action determine where I place strategic entries....
I read about this project ad kind of dig it. CEO is/was a Harvard guy. Hey, Zuckerberg dropped out too and look at him now, right?
The use case in retail for customer intelligence is a potential game hanger but I don't believe in a project unless it's proven en mass and the market likes it. It's possible a lot of people could have privacy issues with a company...
Added some more layers to my little experiment. Not expecting it to work as its seriously primitive and makes a dangerous assumption of a bottom being in. Just as Hocus Pocus as some of the EW theories ...haha jk. I figure I'd try something out here for the sake of building my own study/model.
I've been trying to figure out some charting studies data...
Just looking at the possibilities of Vibe right now.
I'm certainly not going to tell anyone when to buy. This is a TA, not a spoon feeding session. Ignoring of over a dozen messages on twitter and trading view of "buy now??".
Disclaimer: DO YOUR OWN RESEARCH. This is not financial advice